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Coming to terms with income inequality

posted Jul 18, 2011, 10:56 PM by Milorad Borota   [ updated Jul 18, 2011, 11:02 PM ]
Vancouver Sun July 16, 2011
A report released this week by the Conference Board of Canada that purports to show income inequality has increased over the past 20 years raises some interesting questions, and a few red herrings.
The Conference Board concedes that on average, Canadians are better off than they were a few decades ago, with average annual income in Canada up 17 per cent to $59,700 in 2009 from $51,000 in 1976. But it notes that median income has not grown as quickly, and that the gap between average and median has been growing. This is not good news, it says, because it signals that income growth is distributed unequally.

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